Victory Capital Management Inc. Sells 514,178 Shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Victory Capital Management Inc. cut its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW - Free Report) by 26.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,455,758 shares of the company's stock after selling 514,178 shares during the quarter. Willis Towers Watson Public comprises about 0.5% of Victory Capital Management Inc.'s holdings, making the stock its 22nd biggest holding. Victory Capital Management Inc. owned about 1.47% of Willis Towers Watson Public worth $491,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in shares of Willis Towers Watson Public in the 1st quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of Willis Towers Watson Public by 750.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 85 shares of the company's stock worth $28,000 after acquiring an additional 75 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of Willis Towers Watson Public in the 4th quarter worth about $30,000. Crewe Advisors LLC bought a new position in shares of Willis Towers Watson Public in the 1st quarter worth about $32,000. Finally, GeoWealth Management LLC increased its stake in shares of Willis Towers Watson Public by 94.9% in the 4th quarter. GeoWealth Management LLC now owns 115 shares of the company's stock worth $36,000 after acquiring an additional 56 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Andrew Jay Krasner sold 1,600 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $315.75, for a total value of $505,200.00. Following the sale, the chief financial officer owned 11,982 shares in the company, valued at approximately $3,783,316.50. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WTW. Wells Fargo & Company cut their price objective on shares of Willis Towers Watson Public from $387.00 to $369.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Barclays cut their price objective on shares of Willis Towers Watson Public from $316.00 to $305.00 and set an "underweight" rating on the stock in a research report on Monday, July 7th. Jefferies Financial Group cut their price objective on shares of Willis Towers Watson Public from $373.00 to $371.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Willis Towers Watson Public from $371.00 to $366.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $367.11.

Willis Towers Watson Public Price Performance

NASDAQ:WTW traded up $1.59 during trading hours on Friday, hitting $308.28. 705,208 shares of the stock traded hands, compared to its average volume of 621,279. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.58. Willis Towers Watson Public Limited Company has a 1 year low of $262.57 and a 1 year high of $344.14. The company has a market cap of $30.57 billion, a price-to-earnings ratio of -616.55, a price-to-earnings-growth ratio of 2.58 and a beta of 0.68. The stock has a 50 day moving average price of $306.18 and a 200 day moving average price of $316.50.

Willis Towers Watson Public (NASDAQ:WTW - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.27 by ($0.14). The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.29 billion. Willis Towers Watson Public had a negative net margin of 0.54% and a positive return on equity of 20.53%. The business's revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.13 earnings per share. Sell-side analysts forecast that Willis Towers Watson Public Limited Company will post 17.32 EPS for the current fiscal year.

Willis Towers Watson Public Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, June 30th. Willis Towers Watson Public's dividend payout ratio is presently -736.00%.

Willis Towers Watson Public Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.